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Management themselves said they would close an initial contract with Jordan in the near future.
The press release also describes the customer as a Middle Eastern customer rather than a GCC member. The only non-GCC country in the Middle East that would be a logical customer for MARSS is Jordan.
If you know where to look, the press release also accidentally reveals that the customer is Jordan, but I think the company is going to fix that today.
$EOS.AX announced a new MARSS NiDAR contract with a new Middle Eastern customer today.
It's an initial qualification order that could scale significantly in the future.
MARSS now has contracts with:
•Saudi Arabia
•Jordan (this contract)
•Bahrain
•Qatar
•Kuwait
It's also expanding into the UAE.
This year alone, MARSS has secured almost A$1bn in order intake from the Middle East.
$EOS.AX
Do the math on the quarterly report and you'll find that EOS has already reached the bottom end of its FY2026 guidance.
Unless something goes horribly wrong in Q4, we should see a very large beat.
The Observer retweeted
BREAKING: The U.S. Space Force has selected SIX commercial companies to provide satellite tracking and surveillance capabilities that can be rapidly expanded during a military crisis.
The companies selected for its Commercial Augmentation Space Reserve (CASR) are:
1. Anduril
2. LeoLabs
3. Slingshot Aerospace
4. Intrack
5. EOS (Australia)
6. NorthStar Earth & Space (Canada)
The program gives the Pentagon access to commercial systems capable of detecting and tracking satellites, monitoring suspicious orbital maneuvers and identifying debris or spacecraft breakups.
Modeled on the Air Force's Civil Reserve Air Fleet, CASR is designed to let the military increase its use of commercial space capabilities during wartime without having to build and maintain all the infrastructure itself.
The six companies have received initial operational contracts, with additional providers and capabilities expected to be added over time.
The Space Force is also considering satellite communications, launch services and spacecraft tracking and command as future additions.
Contract values were not disclosed.
$EOS.AX
According to Handelsblatt, Diehl is preparing to deliver 48 GARMR counter-drone systems to the Bundeswehr as an interim solution, as Rheinmetall's Skyranger is running two to three years behind schedule.
24 systems will be equipped with a gun and 24 with Cicada interceptor drones. The weapon station on GARMR is an EOS R400.
The systems are mainly needed for Panzerbrigade 45 in Lithuania, which has to be fully operational by the end of 2027 and would otherwise be left largely without drone protection.
According to company sources, Jordan has already ordered the same GARMR model, and Diehl expects further orders from the Bundeswehr and other European countries.
$EOS.AX
EOS Defence Systems (EOS) and VOP CZ have signed a Memorandum of Understanding (MoU) at Future Forces Forum in Prague to explore cooperation on wheeled armoured vehicle programmes for the Czech Army and other future defence projects in the Czech Republic and Europe where VOP CZ is involved.
The agreement brings together EOS' expertise in advanced remote weapon systems (RWS) with VOP CZ's established capabilities in military vehicle integration, production and sustainment.
The companies will assess how their technologies and industrial capabilities could support the Czech Army’s requirements, while identifying opportunities to collaborate on other defence programmes.
$EOS.AX
I highly recommend reading this article if you want to know what's next for EOS, and for MARSS in particular.
EOS.AX
New article just published
Current share price incorporates no value for laser, no value for Space Defence and no value for future MARSS contracts.
If EOS delivers on laser, this will be 10 billion Ausie Dollar mkt cap
seekingalpha.com/article/495…
Margins on the contract aren't as bad as you think. Gross margin should come in around 30%, with EBITDA at 20% or higher.
This is also only the first phase of a three-phase contract with a multi-billion dollar ceiling. Slinger, interceptor drones and HELW are already part of the negotiations for the next phases, so margins on those should be a lot higher than 30%/20%.
On the working capital side, Schwer expects the bank guarantee to be reduced significantly or waived completely. Kuwait would still pay the full 20% advance of around A$140m, which more than covers the working capital needed before the contract becomes cash flow positive in mid-2027.
The Observer retweeted
The Pentagon Paid Elmet $ELMT Like It Paid MP Materials $MP . The Market Didn’t.
November’s Q3 numbers are the first real test, and the first chance to close the gap.
fitinvestmentideasnewideas.s…
Effectors:
The interceptor drones carry no explosives and kill only by kinetic impact, so they can be stored by the hundreds next to the site they protect, controlled by MARSS' C2 system. EOS will also add 70 mm rocket systems to its portfolio "very soon".
70mm rockets are also the next focus of LAND 156:
nitter.gq/theobservercap/status/…
LAND 156
Major General Kurt Brown, Army’s Head Land Capability, told Defence Technology Review this month: “We’re looking as a first step the use of 70 mm rockets for counter-UAS and then also directed energy laser systems are under work and indeed through Mission Syracuse with ASCA there’s a couple of lines of effort for those outcomes.”
That sits inside his answer on LAND 156, the Australian counter-small-UAS programme EOS is already part of, so the 70 mm first step is a LAND 156 effector line rather than a separate programme. What matters is what carries the rockets. A 70 mm rocket would most likely be sideloaded onto a remote weapon station, in the same way the Thales LMM already has been and the VAMPIRE launcher sits on an EOS gimbal in Ukraine. Demand for 70 mm counter-UAS effectors is therefore demand for the stations that carry them.
On the laser line, AIM Defence is the funded Australian player today with A$21.3m for Fractl under Mission Syracuse. But EOS has begun building a laser weapon in Canberra and is in discussions with the Australian government, so the two lines of effort Brown refers to are unlikely to stay a single-supplier field.
Europe:
EOS plans to open European corporate headquarters in the near term and will "very very soon" have a large footprint in Germany. Poland is also at the top of the list, and EOS is open to Polish partnerships. The goal is to bring its integrated turnkey counter-drone solution to the NATO market, for both military and civil use.